Monster Beverage Corp MNST

Consumer staples SIC 2086 - Bottled & Canned Soft Drinks & Carbonated Waters NAICS Manufacturing › Beverage and Tobacco Product Manufacturing › Beverage Manufacturing › Soft Drink and Ice Manufacturing derived Nasdaq

When this report uses the words "the Company", "we", "us" and "our", these words refer to Monster Beverage Corporation and its subsidiaries, unless the context otherwise requires. Based in Corona, California, Monster Beverage Corporation is a holding company and conducts no operating business, except through its consolidated subsidiaries. The Company's subsidiaries primarily develop and market energy drinks.

We develop, market, sell and distribute energy drink beverages and concentrates for energy drink beverages, primarily under the following brand names:

We also develop, market, sell and distribute craft beers, flavored malt beverages ("FMBs") and hard seltzers under a number of brands, including Jai Alai® IPA, Florida Man® IPA, Dale's Pale Ale®, Wild Basin® Hard Seltzers, Dallas Blonde®, Deep EllumTM IPA, Perrin Brewing Company® Black Ale, Hop Rising® Double IPA, Wasatch® Apricot Hefeweizen, The BeastTM, Beast® Tea, Blind Lemon®, Blinder LemonTM and other brands.

Last close 46.19 2026-10-23
Market cap $45.24B 2026-06-30 share count
52-week range 32.94 - 50.17

Valuation FY2025 figures against the last close

P/S5.5x
P/E—
P/FCF23.0x
EV/EBITDA17.9x
Dividend yield—
Diluted EPS—

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • U.S. and Canada
  • Emea
  • Latin America and Caribbean
  • Asia Pacific (including Oceania)
Revenue by geography, 4 categories over 3 years. The same figures are in the table below. FY2025 U.S. and Canada, FY2025: 5.1B (61.2%) 61% U.S. and Canada Emea, FY2025: 1.9B (22.9%) 23% Emea Latin America and Caribbean, FY2025: 698M (8.4%) 8% Asia Pacific (including Oceania), FY2025: 624.1M (7.5%) 8% FY2024 U.S. and Canada, FY2024: 4.7B (63.0%) 63% Emea, FY2024: 1.6B (20.9%) 21% Latin America and Caribbean, FY2024: 666.5M (8.9%) 9% Asia Pacific (including Oceania), FY2024: 541M (7.2%) 7% FY2023 U.S. and Canada, FY2023: 4.6B (64.6%) 65% Emea, FY2023: 1.4B (19.5%) 19% Latin America and Caribbean, FY2023: 624.9M (8.8%) 9% Asia Pacific (including Oceania), FY2023: 514.4M (7.2%) 7%
Region FY2025FY2024FY2023
U.S. and Canada $5.07B $4.72B $4.61B
Emea $1.90B $1.56B $1.39B
Latin America and Caribbean $698.0M $666.5M $624.9M
Asia Pacific (including Oceania) $624.1M $541.0M $514.4M

As the company reported it, from the “REVENUE RECOGNITION - Disaggregation of Revenue (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $8.29B$7.49B$7.14B$6.31B$5.54B$4.60B$4.20B$3.81B$3.37B$3.05B
Cost of revenue $3.66B$3.44B$3.35B$3.14B$2.43B$1.87B$1.68B$1.51B$1.23B$1.11B
Gross profit $4.63B$4.05B$3.79B$3.17B$3.11B$2.72B$2.52B$2.30B$2.14B$1.94B
Total operating expenses $2.21B$2.12B$1.84B$1.59B$1.31B$1.09B$1.12B$1.01B$938.9M$856.7M
Operating income $2.42B$1.93B$1.95B$1.58B$1.80B$1.63B$1.40B$1.28B$1.20B$1.09B
Pre-tax income $2.48B$1.99B$2.07B$1.57B$1.80B$1.63B$1.42B$1.29B$1.20B$1.08B
Income tax $577.1M$480.4M$437.5M$380.3M$423.9M$216.6M$308.1M$300.3M$380.9M$367.0M
Net income $1.91B$1.51B$1.63B$1.19B$1.38B$1.41B$1.11B$993.0M$820.7M$712.7M
Shares, diluted (wtd. avg.) 984.5M1.01B1.06B1.07B1.07B534.8M546.6M564.3M577.1M599.8M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $2.09B$1.53B$2.30B$1.31B$1.33B$1.18B$798.0M$637.5M$528.6M$377.6M
Short-term investments $677.1M$0$955.6M$1.36B$1.75B$881.4M$533.1M$320.6M$672.9M$220.6M
Receivables $1.62B$1.22B$1.19B$1.02B$896.7M$666.0M$540.3M$484.6M$449.5M$448.1M
Inventory $799.6M$737.1M$971.4M$935.6M$593.4M$333.1M$360.7M$277.7M$255.7M$162.0M
Total current assets $5.36B$3.64B$5.59B$4.76B$4.68B$3.14B$2.32B$1.80B$2.09B$1.43B
Property, plant and equipment $1.08B$1.05B$890.8M$516.9M$313.8M$314.7M$298.6M$243.1M$230.3M$173.3M
Goodwill $1.33B$1.33B$1.42B$1.42B$1.33B$1.33B$1.33B$1.33B$1.33B$1.33B
Other intangibles $1.38B$1.41B$1.43B$1.22B$1.07B$1.06B$1.05B$1.05B$1.03B$1.03B
Total assets $9.99B$7.72B$9.69B$8.29B$7.80B$6.20B$5.15B$4.53B$4.79B$4.15B
Accounts payable $566.0M$466.8M$564.4M$444.3M$404.3M$296.8M$274.0M$248.8M$245.9M$193.3M
Total current liabilities $1.45B$1.10B$1.16B$1.00B$965.1M$750.0M$661.1M$601.1M$560.4M$470.6M
Long-term debt —$374.0M————————
Retained earnings $9.35B$7.45B$5.94B$9.00B$7.81B$6.43B$5.02B$3.91B$2.93B$2.11B
Total equity $8.25B$5.96B$8.23B$7.03B$6.57B$5.16B$4.17B$3.61B$3.90B$3.33B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $2.10B$1.93B$1.72B$887.7M$1.16B$1.36B$1.11B$1.16B$987.7M$701.4M
Depreciation and amortisation $114.4M$80.4M$68.9M$61.2M$50.2M$57.0M$60.7M$57.0M$48.9M$40.8M
Stock-based compensation $125.7M$91.0M$68.8M$64.1M$70.5M$70.3M$63.4M$57.1M$52.3M$45.8M
Capital expenditure $132.3M$264.1M$221.4M$188.7M$43.9M$48.7M$101.7M$61.9M$83.4M$99.8M
Investing cash flow -$1.32B$733.7M-$193.4M-$161.4M-$992.0M-$472.5M-$326.7M$273.0M-$531.5M-$256.2M
Financing cash flow -$324.4M-$3.33B-$542.6M-$706.9M$34.8M-$526.1M-$628.5M-$1.32B-$311.1M-$2.24B
Buybacks $103.6M$3.77B$659.0M$771.0M$13.8M$595.9M$707.3M$1.34B$361.2M$2.25B

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-020831.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 2.5B 5B 7.5B 10B Revenue, FY2016: 3B Gross profit, FY2016: 1.9B Net income, FY2016: 712.7M Revenue, FY2017: 3.4B Gross profit, FY2017: 2.1B Net income, FY2017: 820.7M Revenue, FY2018: 3.8B Gross profit, FY2018: 2.3B Net income, FY2018: 993M Revenue, FY2019: 4.2B Gross profit, FY2019: 2.5B Net income, FY2019: 1.1B Revenue, FY2020: 4.6B Gross profit, FY2020: 2.7B Net income, FY2020: 1.4B Revenue, FY2021: 5.5B Gross profit, FY2021: 3.1B Net income, FY2021: 1.4B Revenue, FY2022: 6.3B Gross profit, FY2022: 3.2B Net income, FY2022: 1.2B Revenue, FY2023: 7.1B Gross profit, FY2023: 3.8B Net income, FY2023: 1.6B Revenue, FY2024: 7.5B Gross profit, FY2024: 4B Net income, FY2024: 1.5B Revenue, FY2025: 8.3B Gross profit, FY2025: 4.6B Net income, FY2025: 1.9B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $3.05B $3.37B $3.81B $4.20B $4.60B $5.54B $6.31B $7.14B $7.49B $8.29B
Gross profit $1.94B $2.14B $2.30B $2.52B $2.72B $3.11B $3.17B $3.79B $4.05B $4.63B
Net income $712.7M $820.7M $993.0M $1.11B $1.41B $1.38B $1.19B $1.63B $1.51B $1.91B

Recent filings and events

  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Officer or director change Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Other event Item 8.01
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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